Top Adviser To The Chinese Government Calls For A “Global Currency” To Replace The U.S. Dollar

The New Order, like its dying predecessor the old world order, of course must have a one world economy if it is truly going to be a one world, global government. Many will be shocked however when they find out that neither the economic side, nor the political side of the coming global tyranny is the reason for the establishment of a new world order. Shocking, but it isn't about power in the hands of the elite, nor is it about great wealth. Not at all. It is first and foremost about the worship of Satan.

Ultimately the New World Order, of which we are witnessing its rise, just as we simultaneously witnessing the demise of the old, is about a one world religious system. And make no mistake, this religion will be centered around one leader, and that leader, commonly called "the Beast" will receive what he has always wanted, to be worshiped by the entire planet:

"And all that dwell upon the earth shall worship him, whose names are not written in the book of life of the Lamb slain from the foundation of the world."

As you can see, the devils schemes are happening quite quickly all around us and for those who walk in the light of Christ, there is much work to be done. -W.E.

The former chief economist at the World Bank, Justin Yifu Lin, is
advising the Chinese government that the time has come for a single
global currency.Lin, who is also a professor at Peking University,
says that the U.S. dollar “is the root cause of global financial and
economic crises” and that moving to a “global super-currency” will bring
much needed stability to the global financial system. And considering
how recklessly the Federal Reserve has been pumping money into the
global financial system and how recklessly the U.S. government has been
going into debt, it is hard to argue with his logic. Why would anyone
want to trust the United States to continue to run things after how
badly we have abused our position? The United States has greatly
benefited from having the de facto reserve currency of the planet for
the past several decades, but now that era is coming to an end. In
fact, the central bank of China has already announced that it will no
longer be stockpiling more U.S. dollars. The rest of the world is
getting tired of playing our game. Our debt is wildly out of control
and we are creating money as if there was no tomorrow. As the rest of
the world starts moving away from the U.S. dollar, global power is going
to shift even more to the East, and that is going to have very serious
consequences for ordinary Americans.
Sadly, most Americans don’t even realize what is happening. These
comments by a top adviser to the Chinese government should have made
front page news all over the nation. I had to go to China Daily to find
the following excerpt…The World Bank’s former chief economist wants to replace the US
dollar with a single global super-currency, saying it will create a more
stable global financial system.“The dominance of the greenback is the root cause of global financial
and economic crises,” Justin Yifu Lin told Bruegel, a Brussels-based
policy-research think tank. “The solution to this is to replace the
national currency with a global currency.”Lin, now a professor at Peking University and a leading adviser to
the Chinese government, said expanding the basket of major reserve
currencies — the dollar, the euro, the Japanese yen and pound sterling —
will not address the consequences of a financial crisis.
Internationalizing the Chinese currency is not the answer, either, he
said.And this is not the first time that we have heard these kinds of
comments coming out of China. For example, Xinhua News Agency called
for a “de-Americanized world” back on October 14th…“It is perhaps a good time for the befuddled world to start considering building a de-Americanized world.”That particular news agency is controlled by the Chinese government,
and if the Chinese government did not approve of that statement it never
would have made it into the paper.Then in November, the central bank of China announced that it is going to stop stockpiling U.S. dollars.Most Americans don’t want to hear this, but what we are witnessing is
a massive shift in global power. China is catching up to us in a
multitude of ways, and they are getting tired of playing second fiddle
to the United States. In fact, China is already surpassing the U.S. in a
number of key areas…-China accounts for more global trade than anyone else in the world.-China imports more oil from Saudi Arabia than anyone else in the world.-China imports more oil overall than anyone else in the world.-It is now being projected that Chinese GDP will surpass U.S. GDP in 2017.When the rest of the world quits using U.S. dollars to trade with one
another and quits lending our dollars back to us at ultra-low interest
rates, things are going to start changing very rapidly.In a previous article, I discussed why having the reserve currency of the world is so important to the United States…The largest exporting nations such as Saudi Arabia (oil) and
China (cheap plastic trinkets at Wal-Mart) end up with massive piles of
U.S. dollars.Instead of just sitting on all of that cash, these exporting nations
often reinvest much of that cash into low risk securities that can be
rapidly turned back into dollars if necessary. For a very long time,
U.S. Treasury bonds have been considered to be the perfect way to do
this. This has created tremendous demand for U.S. government debt and
has helped keep interest rates super low. So every year, massive
amounts of money that gets sent out of the country ends up being loaned
back to the U.S. Treasury at super low interest rates.And it has been a very good thing for the U.S. economy that the
federal government has been able to borrow money so cheaply, because the
interest rate on 10 year U.S. Treasuries affects thousands upon
thousands of other interest rates throughout our financial system. For
example, as the rate on 10 year U.S. Treasuries has risen in recent
months, so have the rates on U.S. home mortgages.Our entire way of life in the United States depends upon this game
continuing. We must have the rest of the world use our currency and
loan it back to us at ultra low interest rates. At this point we have
painted ourselves into a corner by accumulating so much debt. We simply
cannot afford to have rates rise significantly.As the rest of the globe moves away from the dollar, demand for the
dollar is going to go down and that is going to cause a lot of inflation
– especially for imported goods. So the days of piling lots of cheap
plastic stuff made in China into your shopping carts is coming to an
end.And as the rest of the globe moves away from U.S. debt, interest
rates are going to go much higher than they are today. Eventually, the
U.S. government will be paying out more than a trillion dollars a year
just in interest on the national debt and all loans throughout our
entire financial system will have higher interest rates. This is going
to cause economic activity to slow down dramatically.On the global economic stage, China is playing checkers and we are
playing chess, and we are getting dangerously close to checkmate.Meanwhile, China is also rapidly catching up to us militarily.At a time when U.S. military spending is actually decreasing, China is spending money on the military aggressively.In 2014, Chinese military spending will rise to $148 billion, which represents an increase of 6 percent over 2013.The balance of power is shifting right in front of our eyes.For example, at one time the U.S. Navy reigned supreme and the Chinese Navy was a joke.But now that is rapidly changing. The following is from an article posted on military.com…The Chinese navy has 77 surface combatants, more than 60
submarines, 55 amphibious ships and about 85 missile-equipped small
ships, according to the report first published by the U.S. Naval
Institute. The report explains that more than 50 naval ships were “laid
down, launched or commissioned” in 2013 and a similar number is planned
for 2014.Of particular concern is the growth of the Chinese submarine fleet.
The Chinese now have submarine launched ballistic missiles with a
maximum range of about 4,000 miles…ONI raised concerns about China’s fast-growing submarine force,
to include the Jin-class ballistic nuclear submarines, which will likely
commence deterrent patrols in 2014, according to the report. The
expected operational deployment of the Jin SSBN “would mark China’s
first credible at-sea-second-strike nuclear capability,” the report
states.The submarine would fire the JL-2 submarine launched ballistic
missile, which has a range of 4,000 nautical miles and would “enable the
Jin to strike Hawaii, Alaska and possibly western portions of CONUS
[continental United States] from East Asian waters,” ONI assessed.In addition, China is also working on “hypersonic glide vehicles”
that can travel “at speeds of up to Mach 10 or 7,680 miles an hour”.
The following is an excerpt from a recent Washington Free Beacon
article…The Washington Free Beacon first disclosed China’s Jan. 9 flight
test of a hypersonic glide vehicle that the Pentagon has called the
WU-14.The experimental weapon is a new strategic strike capability China’s
military is developing that is designed to defeat U.S. missile defenses.
China could use the vehicle for both nuclear and conventional precision
strikes on targets, including aircraft carriers at sea.U.S. officials said that, while the glide vehicle test was not an
intelligence surprise, it showed China is moving much more rapidly than
in the past in efforts to research, develop, and test advanced weaponry.The world is changing, and the United States is not the only
superpower anymore. China is thriving and Russia is also on the rise.
Five years from now, the world is going to look far, far different than
it does today.Sadly, most Americans do not care about these things at all. Most of
them are much more concerned about the latest celebrity scandal or
about what Justin Bieber has been doing.In the end, most Americans will have no idea what is happening until it is far too late to do anything about it.